Change of prime minister is likely to delay UK’s fiscal plan

Credibility of economic event could be in doubt if it is launched on Halloween, just a few days into new leader’s tenure

Expectations are mounting for a delay in the UK government’s debt-cutting plan, pencilled in for Halloween, despite concerns in financial markets over the strength of the economy and public finances.

Big decisions will need to be made over the coming days to ensure the snappily named “medium-term fiscal plan” – a budget in all but name – can stand the test of time and credibility.

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